{"id":69595,"date":"2023-07-28T09:01:03","date_gmt":"2023-07-28T13:01:03","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=69595"},"modified":"2023-07-28T09:01:03","modified_gmt":"2023-07-28T13:01:03","slug":"coffee-with-greta-cooling-inflation","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/07\/28\/coffee-with-greta-cooling-inflation\/","title":{"rendered":"Coffee With Greta: Cooling Inflation"},"content":{"rendered":"

Register now<\/a> for next week's free Q&A on LinkedIn with ProDesk's Derrick Oldensmith!<\/b><\/p>\n

DJIA Futures: <\/b>+148 (+0.4%)<\/span><\/p>\n

SPX Futures: <\/b>+28 (+0.6%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+156 (+1.0%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are rising after the release of cool inflation data.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

PCE Inflation Drops<\/span><\/h2>\n

The Fed\u2019s preferred inflation gauge cooled further in June.<\/span><\/p>\n

The Bureau of Economic Analysis\u2019 personal consumption expenditures (PCE) price index rose 0.2% monthly and 3% annually.\u00a0<\/span><\/p>\n

That was in line with estimates on a monthly basis and better than 3.1% annually expected.<\/span><\/p>\n

It was the slowest rate of headline inflation since April 2021.\u00a0<\/span><\/p>\n

But the core PCE price index rose 0.2% monthly and 4.1% year over year.\u00a0<\/span><\/p>\n

That was better than estimates for a 4.2% annual increase and the lowest level since September 2021.\u00a0<\/span><\/p>\n

Consumer spending also rose 0.5% last month, up from 0.2% in May.\u00a0<\/span><\/p>\n

Ford Beats, Hikes Guidance<\/span><\/h2>\n

Ford Motor <\/b>(F) shares are slipping 1.8% ahead of the open despite beating Q2 expectations and hiking its full-year guidance.<\/span><\/p>\n

Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $0.72 vs $0.55 expected<\/span><\/li>\n
  • Automotive revenue: $42.43 billion vs $40.38 billion expected<\/span><\/li>\n<\/ul>\n

    Ford said total revenue came in at $45 billion, up 12% year over year.\u00a0<\/span><\/p>\n

    The Model e electric vehicle unit posted a $1.08 billion loss during the quarter.\u00a0<\/span><\/p>\n

    Ford now expects full-year adjusted earnings to range between $11 billion and $12 billion, up from $9 billion to $11 billion previously.\u00a0<\/span><\/p>\n

    The automaker also expected adjusted free cash flow of $6.5 billion to $7 billion vs $6 billion previously.\u00a0<\/span><\/p>\n

    But the company also said it now expects to lose $4.5 billion on the EV business this year, up from $3 billion a year earlier.\u00a0<\/span><\/p>\n

    Intel Returns To Profitability<\/span><\/h2>\n

    Intel <\/b>(INTC) shares are up 6.2% in premarket trade after beating Q2 profit expectations.\u00a0<\/span><\/p>\n

    Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $0.13 vs $0.03 loss expected<\/span><\/li>\n
    • Revenue: $12.9 billion vs $12.13 billion expected<\/span><\/li>\n<\/ul>\n

      The CFO said the stronger than expected performance was partly due to the progress it\u2019s made toward cutting $3 billion in costs this year.\u00a0<\/span><\/p>\n

      That\u2019s part of the company\u2019s previously announced plan to save $10 billion per year by 2025.\u00a0<\/span><\/p>\n

      Intel raised its outlook for the third quarter.\u00a0<\/span><\/p>\n

      The company now expects Q3 adjusted EPS of $0.20 on $13.4 billion in revenue vs analysts\u2019 estimates for $0.16 EPS on $13.23 billion in sales.<\/span><\/p>\n

      Roku Rallies<\/span><\/h2>\n

      Roku <\/b>(ROKU) shares are rallying 9.1% ahead of the open after reporting a smaller than expected Q2 loss.\u00a0<\/span><\/p>\n

      Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Loss per share: $0.76 vs $1.26 expected<\/span><\/li>\n
      • Revenue: $847 million vs $775 million expected<\/span><\/li>\n<\/ul>\n

        Roku\u2019s Q3 forecast was also stronger than expected.<\/span><\/p>\n

        The company expects $815 million in total revenue with a $50 million adjusted Ebitda loss.\u00a0<\/span><\/p>\n

        That was better than analysts\u2019 estimates for $809 million in revenue and a $57 million loss.\u00a0<\/span><\/p>\n

        Procter & Gamble Pops<\/span><\/h2>\n

        Procter & Gamble <\/b>(PG) shares are up 1.6% in premarket trade after beating fiscal Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

        Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

          \n
        • EPS: $1.37 vs $1.32 expected<\/span><\/li>\n
        • Revenue: $20.55 billion vs $19.98 billion expected<\/span><\/li>\n<\/ul>\n

          Net sales rose 5% year over year while organic revenue jumped 8%.\u00a0<\/span><\/p>\n

          The better-than-expected performance was driven by price hikes across its products even as sales volume fell 1% from a year ago.\u00a0<\/span><\/p>\n

          But P&G\u2019s outlook came in short.\u00a0<\/span><\/p>\n

          The company expects fiscal 2024 revenue growth of 3% to 4% vs 4.5% expected.\u00a0<\/span><\/p>\n

          P&G also projected EPS growth of 6% to 9%, on the lower end of analysts\u2019 8.8% projection.<\/span><\/p>\n

          In Case You Missed It<\/span><\/h2>\n
            \n
          • Anheuser-Busch <\/b>(BUD) shares fell 0.9% on Thursday after the company announced corporate layoffs. The Bud Light maker plans to layoff about 350 corporate employees in the U.S. The CEO said, \u201cThese corporate structure changes will enable our teams to focus on what we do best \u2014 brewing great beer for everyone and earning our place in the moments that matter.\u201d The company said the layoffs will not affect brewery and warehouse staff or drivers and field salespeople.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            Register now for next week’s free Q&A on LinkedIn with ProDesk’s Derrick Oldensmith! DJIA Futures: +148 (+0.4%) SPX Futures: +28 (+0.6%) NASDAQ Futures: +156 (+1.0%) Good morning friends! Futures are rising after the release of cool inflation data. Let\u2019s get right to it! PCE Inflation Drops The Fed\u2019s preferred inflation gauge cooled further in June. The Bureau of Economic Analysis\u2019 personal consumption expenditures (PCE) price index rose 0.2% monthly and 3% annually.\u00a0 That was in line with estimates on a monthly basis and better than 3.1% annually expected. It was the slowest rate of headline inflation since April 2021.\u00a0 But the core PCE price index rose 0.2% monthly and 4.1% year over year.\u00a0 That was better than estimates for a 4.2% annual increase and the lowest level since September 2021.\u00a0 Consumer spending also rose 0.5% last month, up from 0.2% in May.\u00a0 Ford Beats, Hikes Guidance Ford Motor (F) shares are slipping 1.8% ahead of the open despite beating Q2 expectations and hiking its full-year guidance. Here\u2019s how the automaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.72 vs $0.55 expected Automotive revenue: $42.43 billion vs $40.38 billion expected Ford said total revenue came in at $45 billion, up 12% year over year.\u00a0 The Model e electric vehicle unit posted a $1.08 billion loss during the quarter.\u00a0 Ford now expects full-year adjusted earnings to range between $11 billion and $12 billion, up from $9 billion to $11 billion previously.\u00a0 The automaker also expected adjusted free cash flow of $6.5 billion to $7 billion vs $6 billion previously.\u00a0 But the company also said it now expects to lose $4.5 billion on the EV business this year, up from $3 billion a year earlier.\u00a0 Intel Returns To Profitability Intel (INTC) shares are up 6.2% in premarket trade after beating Q2 profit expectations.\u00a0 Here\u2019s how the chipmaker\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $0.13 vs $0.03 loss expected Revenue: $12.9 billion vs $12.13 billion expected The CFO said the stronger than expected performance was partly due to the progress it\u2019s made toward cutting $3 billion in costs this year.\u00a0 That\u2019s part of the company\u2019s previously announced plan to save $10 billion per year by 2025.\u00a0 Intel raised its outlook for the third quarter.\u00a0 The company now expects Q3 adjusted EPS of $0.20 on $13.4 billion in revenue vs analysts\u2019 estimates for $0.16 EPS on $13.23 billion in sales. Roku Rallies Roku (ROKU) shares are rallying 9.1% ahead of the open after reporting a smaller than expected Q2 loss.\u00a0 Here\u2019s how the streaming giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Loss per share: $0.76 vs $1.26 expected Revenue: $847 million vs $775 million expected Roku\u2019s Q3 forecast was also stronger than expected. The company expects $815 million in total revenue with a $50 million adjusted Ebitda loss.\u00a0 That was better than analysts\u2019 estimates for $809 million in revenue and a $57 million loss.\u00a0 Procter & Gamble Pops Procter & Gamble (PG) shares are up 1.6% in premarket trade after beating fiscal Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $1.37 vs $1.32 expected Revenue: $20.55 billion vs $19.98 billion expected Net sales rose 5% year over year while organic revenue jumped 8%.\u00a0 The better-than-expected performance was driven by price hikes across its products even as sales volume fell 1% from a year ago.\u00a0 But P&G\u2019s outlook came in short.\u00a0 The company expects fiscal 2024 revenue growth of 3% to 4% vs 4.5% expected.\u00a0 P&G also projected EPS growth of 6% to 9%, on the lower end of analysts\u2019 8.8% projection. In Case You Missed It Anheuser-Busch (BUD) shares fell 0.9% on Thursday after the company announced corporate layoffs. The Bud Light maker plans to layoff about 350 corporate employees in the U.S. The CEO said, \u201cThese corporate structure changes will enable our teams to focus on what we do best \u2014 brewing great beer for everyone and earning our place in the moments that matter.\u201d The company said the layoffs will not affect brewery and warehouse staff or drivers and field salespeople.<\/p>\n","protected":false},"author":41,"featured_media":69599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-69595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/69595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=69595"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/69595\/revisions"}],"predecessor-version":[{"id":69602,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/69595\/revisions\/69602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/69599"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=69595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=69595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=69595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}